Pig Fat Export Volume Increased from Portugal to France
Pork Fat
Portugal
Market & Price Trends
Innovation & Technology
Maria Andrade
Published May 27, 2022
Different market analyses have been demonstrating a rapid increase in pig fat imports to some European countries such as France and Belgium. According to Portuguese suppliers, the rising price is driven by the hiking marketing prices of vegetable oils in general: sunflower oil, canola oil, soy oil, peanut, and palm oil. French market and other European markets are looking for cheaper pig fat for their customer, especially during Ramadan when the sales of any vegetable oil rump up. In order to secure the vegetable oils volume for the Muslim community, some players have immediately done some extra inventory as soon as the Russian-Ukraine conflict started. For example, between March and May of 2022, the sunflower oil price increased from EUR 3.0 to USD 5.0/L (USD 3.22 to USD 5.37/L) on some French supermarket shelves. Therefore, pork fat came as a reliable, cheap, and easily reachable alternative to offer, to some clients, whenever the vegetable oil was way too expensive to buy.
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